The completion of its major product development program was a major focus of the company in Q3. This expenditure, in line with the Use of Funds outlined in the Prospectus, represents a valuable investment in product development to deliver the ability to embed Elsight technology in many third-party devices. This is intended to open up large addressable market opportunities in many verticals including automotive, drones and further applications in defence and security industries, while lowering costs and driving up margins.
ELS Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
